TradeStation vs Scottrade

Struggling to choose between TradeStation and Scottrade? Both products offer unique advantages, making it a tough decision.

TradeStation is a Gaming Software solution with tags like stock-trading, options-trading, futures-trading, charting, automated-trading.

It boasts features such as Advanced charting tools, Strategy backtesting and optimization, Automated trading functionality, Real-time market data and scanning tools, Custom trading strategy creation and testing and pros including Robust set of trading tools and features, Ability to create and test custom trading strategies, Automated trading capabilities, Access to real-time market data.

On the other hand, Scottrade is a Business & Commerce product tagged with stocks, etfs, mutual-funds, bonds, options, trading, investing.

Its standout features include Online trading platform, Low trading commissions, Access to stocks, ETFs, mutual funds, bonds, options, Research tools and market data, Mobile and desktop apps, Banking services like checking accounts, and it shines with pros like Low trading commissions, User-friendly trading platforms, Good customer service, Wide range of tradable securities, Educational resources for new investors.

To help you make an informed decision, we've compiled a comprehensive comparison of these two products, delving into their features, pros, cons, pricing, and more. Get ready to explore the nuances that set them apart and determine which one is the perfect fit for your requirements.

TradeStation

TradeStation

TradeStation is an online trading platform designed for active stock, options and futures traders. It offers advanced charting, strategy backtesting, automated trading functionality and real-time market data and scanning tools. TradeStation aims to provide traders with the tools they need to create, test, optimize, monitor and automate their own custom trading strategies.

Categories:
stock-trading options-trading futures-trading charting automated-trading

TradeStation Features

  1. Advanced charting tools
  2. Strategy backtesting and optimization
  3. Automated trading functionality
  4. Real-time market data and scanning tools
  5. Custom trading strategy creation and testing

Pricing

  • Subscription-Based

Pros

Robust set of trading tools and features

Ability to create and test custom trading strategies

Automated trading capabilities

Access to real-time market data

Cons

Steep learning curve for new users

Expensive subscription fees

Limited support for newer traders


Scottrade

Scottrade

Scottrade is an online brokerage firm that provides a platform for self-directed investing. It allows users to trade stocks, ETFs, mutual funds, bonds, and options with low trading fees.

Categories:
stocks etfs mutual-funds bonds options trading investing

Scottrade Features

  1. Online trading platform
  2. Low trading commissions
  3. Access to stocks, ETFs, mutual funds, bonds, options
  4. Research tools and market data
  5. Mobile and desktop apps
  6. Banking services like checking accounts

Pricing

  • Subscription-Based
  • Pay-As-You-Go

Pros

Low trading commissions

User-friendly trading platforms

Good customer service

Wide range of tradable securities

Educational resources for new investors

Cons

Limited international trading

Less research tools than some competitors

Website can be slow during high trading volume

No futures, forex, or crypto trading